Thursday, 26/11/2020 15:25

CRE: BOD resolution on implementing the plan for stock issuance to raise charter capital

The Board resolution dated November 25, 2020, the BOD of Century Land Joint Stock Company approved the plan for stock issuance to raise charter capital from the owner’s equity as follows:

1)      Approving the plan to issue shares to raise charter capital from the owner’s equity according to the Resolution No.5/2020/NQ-ĐHĐCĐ dated November 24, 2020 with the following details:

-          Stock name: Century Land Joint Stock Company

-          Stock type: common share

-          Stock code: CRE

-          Par value: VND 10,000/share

-          Expected issue volume: 15,999,978

-          Total value of issue: VND 159,999,780,000

-          Exercise ratio: 10:02 (At the record date, shareholder who owns 10 shares will be received 02 new shares).

-          The number of newly issued shares bought by each existing shareholder will be rounded down. The fractional shares will be cancelled.

-          For example: At the record date, the shareholder A owns 82 shares. With 10:02 performing ratio, the shareholder A will receive: 82 /10 *0.2 = 16.4 shares. According to rounding policy, the shareholder A receives 16 new shares. The fractional shares of 0.4 shares will be cancelled.

-          Expected execution time: 2020 or Quarter 1/2021.

2)      The General Meeting of Shareholders approved the amendment, supplement of the company’s charter for new charter capital after the issuance.

 

HOSE

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